How Steve Jobs Death Affected Apple Stock Prices?

How Steve Jobs Death Affected Apple Stock Prices?

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Who Was Steve Jobs?

Steven Paul Jobs, popularly known as Steve Jobs, the CEO and the co-founder of Apple Inc. He was a multi-talented individual who had specialized in being a powerful and influencing:

  • Investor
  • Business magnate (most popularly referred to as)
  • Industrial designer
  • Media proprietor

Steve Jobs and his co-founder of Apple, Steve Wozniak, were also known as the pioneer of the “Personal Computer Revolution” for the years 1970’s and 1980’s.

He was the shareholder of the majority of the very famous and widely known animation company which has been since the ’90s:

Pixar

Soon, he became the member of The Walt Disney Company’s board of directors after a while after the acquisition of Pixar.

After dropping out of college, he travelled across Indi to study and learn more about Zen Buddhism.

Apple was saved from the verge of bankruptcy only because of Steven Paul Jobs. He helped Apple Inc, his own company from drowning in the issue of bankruptcy.

After saving his company from getting bankrupt, he worked along with the designer, JonyIve to develop Apple’s very new and revolutionary line of products:

  • iMac
  • iPhone
  • iPad
  • iPod
  • iTunes
  • Apple Store
  • iTunes Store

He also replaced the existing Mac OS with the brand-new Mac OS X which is now referred to as and known as macOS.

In 2003, Steve Jobs was unfortunately diagnosed with a Pancreatic Neuroendocrine Tumor. He passed away due to the respiratory arrest, which was related to the Pancreatic Neuroendocrine Tumor, on October 5, 2011.

Fall of Apple Stock Prices after the demise of Steve Jobs:

The depleting health of the Apple’s CEO, Steve Jobs, made him resign as the CEO and handed down his duties to his Chief Operating Officer, Tim Cooks (who still continues to be the CEO of Apple till this date) on August 24 that very year and following that day, the Shares for Apple fell to 0.7% in the stock market.

After the unfortunate demise of the co-founder and CEO of Apple, Steve Jobs, things changed at the Apple Head Quarters. On that very day of his demise, the Apple stock closed after the split price (adjusted) of only %50.53 USD per share. To be very clear and honest, the stock prices for Apple dipped in its graphs. At the close of trading, the stocks and shares of Apple fell as well. Stocks and shares fell about around 0.7% at the opening bell. Nevertheless, due to Steve Jobs influence and work that he put into building Apple, Apple has now been back on tracks.  If you want to buy this stock, you can check its balance sheet at https://www.webull.com/balance-sheet/nasdaq-aapl.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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